Itasca, Ill.-based Arthur J. Gallagher & Co. announced the acquisition of Specialty Advisory Services Inc. of Morristown, N.J. Terms of the transaction were not disclosed. Incorporated in January 2000, Specialty Advisory Services specializes in consulting, development and placement of specialized insurance programs for industry specific and affinity groups. They also place both traditional and program reinsurance through Gallagher’s intermediary operations. Ronald H. Molatto and his staff will continue to operate in their Morristown, N.J., location under the direction of Randall S. Jensen, president of Arthur J. Gallagher Intermediaries Inc., a subsidiary of Arthur J. Gallagher & Co.
Was this article valuable?
Here are more articles you may enjoy.
Premiums Will Skyrocket by 2035; Discounts Not Enough for Wind Mit, Studies Say 
CSU Lowers Atlantic Hurricane Forecast to ‘Well Below Normal’ 
CFC Names Former Direct Line Exec Winslow as Group CEO, Succeeding O’Shea 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO From This Issue
